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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (30598)	10/13/1999 8:58:00 PM
From: t2	Respond to of 74651

It is looking like a good setup for such a play. Last month i had the following plan. YEN was strengthening early in options expiration week---of course concern in the US market followed. My plan was that if on Thursday the YEN continued to move up against the dollar, i would bet that some official statement is made by the Japanese goverment on Friday's trading. Believe it not, that is how it unfolded. I was taking a calculated gamble. If the same thing happens tonite in Japan, i am positively going to play calls--for October. I might wait if i feel nervous about the economic reports out Friday. If tomorrow is a selloff, then tomorrow afternoon might be good---gambling on a tame inflation report. If the market rallies tomorrow, then i will probably be waiting til Friday morning. MSFT looks like a good candidate. It is really hard to plan everything in advance and you have to just get a feel for how things are going before committing. I am just looking for good "odds".